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Full-Text Articles in Social and Behavioral Sciences
Computing The Extent Of Circumvention Of Proposition 13: A Response, Robert L. Sexton, Gary M. Galles
Computing The Extent Of Circumvention Of Proposition 13: A Response, Robert L. Sexton, Gary M. Galles
Robert L Sexton
ABSTRACT. Galles and Sexton (1998) showed that California state and local revenues exceeded their previous real per capita levels as did the sum of property taxes plus charges and miscellaneous revenues within a decade after Proposition 13 passed, and concluded that Proposition 13 was only temporarily successful at shrinking California state and local governments. Khoury and Pal (2000) challenge this conclusion. However, their conclusion that Proposition 13’s circumvention “has been only marginal” results from using per $1000 of income comparisons rather than real per capita comparisons and from using growth rate changes, which fail to adjust for U.S. fiscal trends, …
An Alternative Tale Of Two Tax Jurisdictions: A Reply, Robert L. Sexton, Gary Galles
An Alternative Tale Of Two Tax Jurisdictions: A Reply, Robert L. Sexton, Gary Galles
Robert L Sexton
ABSTRACT. Cebula (1999) suggests that the success of California's Proposition 13 and Massachusetts' Proposition 2-1/2 is better judged by their effects on the growth rates of real per capita revenues and expenditures rather than on the te^ek of those variables, which Galles and Sexton (1998) used to evaluate those measures. However, the data shows that virtually all of their effects, relative to the United States as a whole, arose during their implementation periods, and that there is no clear evidence of the "longer term success in terms of reducing the growth rate of real per capita revenues and expenditures" that …
Union Myopia And The Taxation Of Capital, Dwight Lee, Robert L. Sexton, Philip E. Graves
Union Myopia And The Taxation Of Capital, Dwight Lee, Robert L. Sexton, Philip E. Graves
Robert L Sexton
After an extensive discussion of the nature of the interactions among unions, corporations, and government, we find that government in granting privileges to workers organized into unions implicitly taxes capital formation. The result has been to lessen the attention business decisions pay to the future, to substitute excessive wages for appropriate capital investment, and to reduce the competitive vitality of major U.S. industries.
Restricting Taxation: The Impact Of Proposition 13 On California Tax And Expenditure Trends, Robert L. Sexton, Gary M. Galles, James E. Long
Restricting Taxation: The Impact Of Proposition 13 On California Tax And Expenditure Trends, Robert L. Sexton, Gary M. Galles, James E. Long
Robert L Sexton
Abstract: This paper examines trends in California taxes and expenditures at the state and local level. In particular, it considers whether Proposition 13, which has been blamed by politicians and the press for virtually every ensuing fiscal problem facing state and local governments in California, deserves such criticism, or whether the roots of those problems lie elsewhere.
Union Myopia And The Taxation Of Capital, Dwight Lee, Robert L. Sexton, Philip E. Graves
Union Myopia And The Taxation Of Capital, Dwight Lee, Robert L. Sexton, Philip E. Graves
Robert L Sexton
After an extensive discussion of the nature of the interactions among unions, corporations, and government, we find that government in granting privileges to workers organized into unions implicitly taxes capital formation. The result has been to lessen the attention business decisions pay to the future, to substitute excessive wages for appropriate capital investment, and to reduce the competitive vitality of major U.S. industries.
Speed Variance, Enforcement, And The Optimal Speed Limit, Philip E. Graves, Dwight Lee, Robert L. Sexton
Speed Variance, Enforcement, And The Optimal Speed Limit, Philip E. Graves, Dwight Lee, Robert L. Sexton
Robert L Sexton
A model of the optimal speed limit is developed which explicitly recognizes the roles of average speed, speed variance, and the level of enforcement. An unusual result emerges, namely that a higher speed limit may be optimal when reducing the variance in highway speeds reduces accident externalities.
Statutes Versus Enforcement: The Case Of The Optimal Speed Limit, Philip E. Graves, Dwight R. Lee, Robert L. Sexton
Statutes Versus Enforcement: The Case Of The Optimal Speed Limit, Philip E. Graves, Dwight R. Lee, Robert L. Sexton
Robert L Sexton
There was no abstract for this paper.
Statutes Versus Enforcement: The Case Of The Optimal Speed Limit, Philip E. Graves, Dwight R. Lee, Robert L. Sexton
Statutes Versus Enforcement: The Case Of The Optimal Speed Limit, Philip E. Graves, Dwight R. Lee, Robert L. Sexton
Robert L Sexton
There was no abstract for this paper.
A Pollution Control Approach To Analysis Of The Balanced Budget Amendment, Robert L. Sexton, Dwight R. Lee
A Pollution Control Approach To Analysis Of The Balanced Budget Amendment, Robert L. Sexton, Dwight R. Lee
Robert L Sexton
Fiscal Pollution (excessive budget deficits), in certain aspects, is like environmental pollution. In both types of pollution some, possibly most individuals would be willing to reduce their own pollution if others would do the same. In the case of fiscal pollution individuals would be willing to give up their special interest demands if others would reciprocate in kind. But as long as individuals are forced to pay for the programs of others there is little incentive to reduce their own demands. Hence, restraints on political hehavior such as a balanced budget amendment to the U.S. Constitution are needed to control …